4 ms·
The guy who says regulations are dumb has no idea what he spent his money on or even how many employees he has. This guy is almost worse than Elizabeth Holmes.
by tootie 4y ago
The guy who says regulations are dumb has no idea what he spent his money on or even how many employees he has. This guy is almost worse than Elizabeth Holmes.
- camjohnson26 4y agoHe was saying the opposite, one of the biggest supporters of regulation in the space, and reportedly had several one on one conversations with Gary Gensler of the SEC and was the second largest donor to Joe Biden
- shawabawa3 4y agoHe admitted in what he thought was a private conversation that that was all a public front but that his true opinion is "fuck regulation"
- dwohnitmok 4y agoHe recanted all that in his latest interview and said that all that was basically a lie for him to build legitimacy. Whether you believe him based on his other lies is of course the tricky bit. > fuck regulators > they make everything worse https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy https://www.vox.com/future-perfect/23462333/sam-bankman-frie...
- rattlesnakedave 4y agoHe’s pro crypto regulation (keep competitors out of his space), and fuck any regulation that might reveal his massive fraud.
- LilBytes 4y agoYeah he's not pro regulation is pro _regulatory capture_.
- sgammon 4y agoHis lieutenant was a major Republican donor.
- memish 4y agoHe was tight with the regulators and literally advising congress, yet they had no idea what he was doing and gave his operation a veneer of authenticity, so he's correct on that point.
- bhouston 4y agoI have a feeling he will come out worse that Elizabeth Holmes because it feels like a complete fraud and pilfering of their client's money for their own spoils. While Elizabeth ran a known fraud she didn't quite pilfer the money to completely enrich themselves like the FTX crew did.
- mstipetic 4y agoAnd what will change because of this? Not much, the (VC) grift continues. People don’t want to accept that the VC model works while there’s a qualitative change in technology, which worked in the 2010’s and there hasn’t been any in a while. Maybe the new AI generative models bring something new
- SkyMarshal 4y agoAlso at least Elizabeth wasn't stupid enough to give an interview to Vox where she admitted everything was a fraud and then told the regulators to fuck themselves. SBF's parents are both Stanford law professors, they or someone really needs to tell the kid to just stop talking.
- peanuty1 4y agoAnd his girlfriend (Alameda CEO) Caroline Ellison's dad is Gary Gensler's former boss at MIT.
- 4y ago
- danso 4y agoAt least Holmes had the courtesy to target Henry Kissinger, the DeVos family, and the Murdochs for her swindle.
- Cupertino95014 4y agoI'm the last person to defend Holmes, but at least she was trying to produce something. SBF's prison sentence should be at least five times what Holmes gets.
- coryrc 4y agoShe put people at risk of undetected cancer. SBF accepted money from suckers.
- Cupertino95014 4y agoLike the Ontario Teachers Pension Fund? (As I said: not at all a Holmes defender.)